DARWIN - MINING SLOWS BUT PRICE GROWTH CONTINUES
Darwin tends to closely follow Perth in its price growth fluctuations with both city ’ s economies highly sensitive to mining conditions . Last year , however , while iron ore stopped Perth ’ s growth in its tracks , this was not the case in Darwin . In 12 months , the median house price increased by 15 per cent , hitting $ 580,000 . The median is still not at its 2014 peak of $ 600,000 , but its possible it will get there early this year .
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